UNEMPLOYMENT RATE FALLS AGAIN

Date 18.04.2016 The Australian Bureau of Statistics has reported that the Unemployment Rate in Australia has once again fallen.

Australia’s seasonally adjusted unemployment rate unexpectedly fell to 5.7 percent in March of 2016 from 5.8 percent in February and below market consensus of 5.9 percent. It is the lowest jobless rate since September 2013, as the economy added 26,100 jobs and the number of unemployed decreased by 7,300. Unemployment Rate in Australia averaged 6.95 percent from 1978 until 2016, reaching an all time high of 11.10 percent in October of 1992 and a record low of 4 percent in February of 2008.